Minimum Wage

Minimum wage is a law that makes sure people aren't mistreated by their employers. It provides a minimum income for people so that they can earn enough to live.

Self Interest: Good or Bad?

I believe that self-interest is an essential aspect of a successful market economy. Both consumers and producers have self-interest. It causes the consumers to purchase items based on the belief that they are getting a deal on the service or good. It causes the producers to provide goods or services because they believe they are getting profit. Because of this self-interest of individuals, the market economy thrives.